Don't be too quick to judge ICOs - page 23.

fortunecrypto

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Quote from: dobolspeed3 on May 31, 2019, 10:20:48 AM

I have often said that not all ICOs are scams. Because until now I have found a lot of good ICO and the possibility of great success. So, if a lot of people say that ICO scams don't really matter. But it must be remembered that "Not all ICOs are SCAMs"

You are one lucky guy finding a good ICO's, but now is like entering a dark room, so many projects that look good on paper and with the developer are running not all ICO are scams but with the very high percentage, it's useless to invest in ICO anymore.

aioc

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Quote from: pelumi20 on May 31, 2019, 10:13:37 AM

I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.

Maybe lower than 99% but there are too many scams to ruin the ICO business, we can tell that 3 out of 10 is still very bad what more if it is 60 to 40%, people should stay out on ICO for now, there are better crowdfunding alternatives like IEO and STO but avoid ICO for now.

cryptonx

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Futurov

Quote from: pelumi20 on May 31, 2019, 10:13:37 AM

I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.

yes, thats right not all ICO scams mate
but if you said "judging a project based on its first few years is wrong", i disagree with that words,
because if in the first few years a project do not have any active developments, why we must believe to a kind of project like that ?
and for me a good or active project should have an updates at least once a years buddy,,

mr_random

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Quote from: canman on June 01, 2019, 10:16:50 PM

Quote from: ali115112 on June 01, 2019, 05:32:19 PM

As you know most of ICO's are scam and most of not paying so new trend is growing that is IEO ,i hope in future ICO's will replace with IEC and that is good for investors .

More than 1000 ICO projects are appearing in the crypto market and almost 99% are scam projects. I think these projects should not appear in this market because really new investors may lose money if they do not learn. I personally only believe in IEO projects because it gives investors the best liquidity and makes much better profit than ICO so just choose IEO to help you feel safe than.

Every year thousands of newborn projects appear in the announcement board of bitcointalk forum but an only small part of these projects can make sustainable gains over years. IEOs are not accepted as a scam cutting machine by me, I make my own analyze and invest in that project.

canman

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Quote from: ali115112 on June 01, 2019, 05:32:19 PM

As you know most of ICO's are scam and most of not paying so new trend is growing that is IEO ,i hope in future ICO's will replace with IEC and that is good for investors .

More than 1000 ICO projects are appearing in the crypto market and almost 99% are scam projects. I think these projects should not appear in this market because really new investors may lose money if they do not learn. I personally only believe in IEO projects because it gives investors the best liquidity and makes much better profit than ICO so just choose IEO to help you feel safe than.

idham29

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Quote from: flash101k on June 01, 2019, 01:39:07 PM

In investment, there is always a more significant risk and risk, bringing more profits to investors. Should not evaluate all failed ICO is Scam. Because if all the ICOs are successful, it is impossible. Money needs to circulate, and liquidity is the decisive factor for a project's success.

I really agree with your opinion, don't always assume that ICO failed because of a scam. Failure can occur due to various factors caused by internal or external. But it is not the intention of the developer who wants to cheat.
Positive thinking is better than judging a problem that is not necessarily true. If there are naughty developers, there must be. But who really wants to make the project successful with the team working hard, I think there are also many. In addition, coins currently circulating also pass the ICO process.

joeperry

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True but also some people or old investors know already what projects will ended up as a failure tho some of them didn't return the investors investment and that's why they called as a scam. It's also true that we shouldn't judge ICO's quickly but if we have evidences which we can support the allegation well we can call them as a scam definitely.

There's a saying in here that trust no one and maybe that's what people always do but they're just exaggerating for calling a project a scam if they don't understand how the project really works.

seleme

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Quote from: dvdrewritable on June 01, 2019, 07:49:28 AM

You said correct but now a days maximum ICOs do scam that's why people have nagative aspect of ICOs. Sometimes they missed real ICOs just for their negative thinking. Any way i also say that we have to change our mind and for select any ICOs must do research their project plan and team then participate.

Negative thinking doesn't help to escalate the scams quickly, regrettably. ICOs scammed so many early investors and they came back for stealing more from time to time. Best precedent is Bitconnect that made a new announcement about coming back with strong hands. I can't fantasize how they will perform this year.

XFlowZion

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Quote from: pelumi20 on May 31, 2019, 10:13:37 AM

I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.

There is a truth to that but the probability of them succeding is very small.Though, I admire some of these ICO projects that still continue their development no matter how small their company is. I was even surprised that some of the 2017 ICO projects that I heard before are still alive and releasing new updates and attending several conference and events. Perhaps we are too hasty too judge and we'll never knonw that maybe someday, after a few years of their dedication then they will reach the recognition and support they don't get when they started.

PuertoLibre

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Quote from: coin-investor on June 01, 2019, 06:32:49 PM

Quote from: pelumi20 on May 31, 2019, 10:13:37 AM

I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.

Even if it is 90% or lower that is enough reason to not participate in ICO anymore, it's like getting a needle in a haystack, there are so many projects that look really good, team are real people and sometimes they have a physical office, but still they go on scamming investors and bounty hunters.

In this case, it becomes illogical to get in the project if there is no 5% strong disagreement with whitepaper. Investors are scammed not only for their own mistakes but also for the divergence on the live events and roadmap.

coin-investor

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Quote from: pelumi20 on May 31, 2019, 10:13:37 AM

I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.

Even if it is 90% or lower that is enough reason to not participate in ICO anymore, it's like getting a needle in a haystack, there are so many projects that look really good, team are real people and sometimes they have a physical office, but still they go on scamming investors and bounty hunters.

Genrix

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I am not that quick in judging ICOs, but you know, when there is no product and team doesn't seem hardworking, then I prefer to stay away from this project and sell altcoin

irixo10

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GoMeat - Digitalizing Meat Stores - ICO

Well owing to what people have passed through on the hands of ICOs, that statistics tends to be true.
Have you taken time to check the number of projects that comes up everyday and how many that didn't go past ICO stage?
The fact is, many ICOs are scams might not be 99% but majority of them were scams, and that's the reason with IEOs investors didn't give a second thought before getting involved.

ali115112

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As you know most of ICO's are scam and most of not paying so new trend is growing that is IEO ,i hope in future ICO's will replace with IECO and that is good for investors .

uneng

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This is for who still wants to defend icos.
It's relative to 2017 only, but it gives us a good notion about the subject: it was discovered that 81% of the icos were scam and only 8% were listed on exchanges! These are impressive results. Now I don't know who must be more prudent, developers or promoters.
https://news.bitcoin.com/80-of-icos-are-scams-only-8-reach-an-exchange/

baeva2

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I agree with the opinion that not all are crooks. But such a situation developed in 2018, that many fraudulent projects entered the market, and the credibility of all ICOs was lost. Many investors left the market and therefore worthy projects suffered.

Felic43

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90 percent of ICOs are scam so we have to judge and fixed out bad one we have alot of bad ICOs so hope things will change when we talk.

seggardinggins

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I often think so that when people make statements about ICO sometimes exaggerating the negative or positive side, I realize how many cheating projects today and lack of support from developers to build good projects. Previously we were ready to face all the facts here and we cannot blame anyone, but one important thing about ICO is that it is not just a place to invest but where people work hard with their own goals.

Genkotsu

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yeah, we all here knows about that.
ICO is place from scam project and 80-90% ICO is scam.
we need to extra becareful to choose ICO or better choosing something like IEO or STO wich uproved secure for investor.
ICO need some rule and standard security system to reduce scam project, maybe high price to build smart contract like using Binance platform it need 1000BNB to make smartcontract with Binance Blockchain.

Lanatsa

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Quote from: pelumi20 on May 31, 2019, 10:13:37 AM

I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.

You have a point! Lets say that they do fail out on getting sales on their ICO on first phase it doesn't mean that they are scam yet there are good projects
which do fail up due to insufficient interest that's why this market is a fierce competition when you tend to launch up your project.It should be innovational
which can spark up investors interest if not then expect for it to fail.

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